Candriam Luxembourg S.C.A. grew its position in Amphenol Co. (NYSE:APH) by 12.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,741 shares of the electronics maker’s stock after buying an additional 3,073 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Amphenol were worth $2,523,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Amphenol by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,634,492 shares of the electronics maker’s stock valued at $710,446,000 after buying an additional 173,637 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Amphenol by 0.7% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,381,455 shares of the electronics maker’s stock valued at $201,566,000 after buying an additional 15,791 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Amphenol by 2.7% in the 3rd quarter. Wells Fargo & Company MN now owns 2,033,564 shares of the electronics maker’s stock valued at $172,120,000 after buying an additional 53,718 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Amphenol by 42.7% in the 4th quarter. Swiss National Bank now owns 1,607,750 shares of the electronics maker’s stock valued at $141,160,000 after buying an additional 480,900 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Amphenol by 9.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,491,737 shares of the electronics maker’s stock valued at $126,269,000 after buying an additional 127,417 shares in the last quarter. Institutional investors and hedge funds own 95.51% of the company’s stock.
Shares of Amphenol Co. (APH) opened at $89.99 on Monday. The company has a market cap of $27,477.47, a P/E ratio of 27.60, a P/E/G ratio of 2.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.95 and a quick ratio of 2.25. Amphenol Co. has a 12 month low of $68.57 and a 12 month high of $93.62.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. Amphenol’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. analysts anticipate that Amphenol Co. will post 3.45 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Friday, March 16th. Amphenol’s dividend payout ratio (DPR) is presently 37.07%.
In related news, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the sale, the director now directly owns 260,000 shares in the company, valued at approximately $23,589,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $92.07, for a total transaction of $920,700.00. The disclosure for this sale can be found here. 2.51% of the stock is owned by company insiders.
A number of research firms have recently weighed in on APH. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. SunTrust Banks restated a “hold” rating and issued a $89.00 price target (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Morgan Stanley raised their price target on shares of Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Cowen restated a “buy” rating and issued a $105.00 price target on shares of Amphenol in a report on Wednesday, January 10th. Finally, Stifel Nicolaus raised their price target on shares of Amphenol from $78.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $92.00.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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